On November 14, Li Lecheng, Secretary of the CPC Xiangyang Municipal Committee met Wang Jian, Chairman of AVIC Electromechanical Systems Co., Ltd. and Mike Bisson, President of Magna Seating. The two sides expected to jointly build a model of industrial cooperation and market development.Xiangyang's municipal leaders including Qie Yingcai, Wang Zhongyun and Li Shi were present.

Xiangyang is learning, publicizing and implementing the spirit of the 19th CPC National Congress in depth, and the municipal committee and government are building a modern economic system, continuously and steadily pushing forward the changes in the quality, efficiency and impetus of economic development. The development of these enterprises in the frontier of technology, market and development in Xiangyang have boosted Xiangyang's confidence and power of maintaining structure, speed and quality, said Li, expecting that the joint venture will expand its total investment and project scale more firmly, and pledging that the municipal committee and government will continue to serve market players well.

Wang thanked the previous and current municipal committees and governments for their support to the enterprise. The joint venture will develop more greatly in Xiangyang, achieve the strategic goal of going from Xiangyang to the rest of China and the world, change the industrial pattern, and make its due contributions to the construction and development of Xiangyang, said him.

Mike Bisson introduced the development of Magna Seating, believing that the joint venture will have a bright future and become a world-renowned brand with the strong support of the municipal committee and government.

To further develop the domestic and international automotive parts market, AVIC Hubei Aviation Precision Machinery Technology Co., Ltd. (HAPM), a subsidiary of AVIC Electromechanical Systems under Aviation Industry Corporation of China, established a joint venture-Hubei Hangjia Magna Seat System Co., Ltd. in Xiangyang on August 23, 2017. The joint venture will employ the product, technology and market advantages of both shareholders, bring its synergistic effect into play, and strive to accomplish the enormous growth of the scale and the year-on-year growth of tax payments in the coming five years on the basis of the original seat business of HAPM.